Business For Sale Uzbekistan | Business For Sale Listings
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Get to Know About Uzbekistan
Uzbekistan is a developing nation that is situated on the central side of Asia. The country’s economy has been growing steadily in the last decade. The nation is one of the largest producers and exporters of cotton. A more significant part of the workforce in the country is employed in the agricultural industry.
The country is rich in minerals like copper, uranium, and gold and ranks high in the world in their production. It also ranks among the top nations in the production of natural gas. With reforms being made in government policies, inflation rates have dropped in recent years.
One of the advantages of investing here or doing business in Uzbekistan is the exclusive industrial zone here, which offers many tax benefits. The country has realized the importance of attracting foreign investment and is providing tax benefits to many sectors like food, medicine, petrochemicals, and textiles. It is also providing incentives for companies wanting to explore oil and natural gas.
Corruption in the public sector is one of the challenges faced by investors. There is also an unstable political scenario here, which is another drawback. Also, there is the problem of the government’s interference in business matters and lack of transparency in the public sector.